Prosperity had ended. The economic boom and the Jazz Age were over, and America began the period called the Great Depression. The 1920s represented an era of change and growth.
Jazz music became wildly popular in the “Roaring Twenties,” a decade that witnessed unprecedented economic growth and prosperity in the United States. Consumer culture flourished, with ever greater numbers of Americans purchasing automobiles, electrical appliances, and other widely available consumer products.
There were many aspects to the economy of the 1920s that led to one of the most crucial causes of the Great Depression - the stock market crash of 1929. In the early 1920s, consumer spending had reached an all-time high in the United States. American companies were mass-producing goods, and consumers were buying.
The Roaring '20s: from depression to Great Depression in less than a decade. The Roaring '20s started off in the same way as they ended with a depression.
In the Roaring Twenties, a surging economy created an era of mass consumerism, as Jazz-Age flappers flouted Prohibition laws and the Harlem Renaissance redefined arts and culture.
This included shocking murders, a backward step in education, the rise of organized crime, and finally, the Wall Street Crash that brought the United States to its knees.
CAUSE: immigrants sought a better life in the U.S., escape poverty, religious discrimination, etc. EFFECT: increased population, overcrowded cities, labor force for factories, etc.
10 World-Shaping Events That Happened in 1920
The 1920s in the United States, called “roaring” because of the exuberant, freewheeling popular culture of the decade. The Roaring Twenties was a time when many people defied Prohibition, indulged in new styles of dancing and dressing, and rejected many traditional moral standards. (See flappers and Jazz Age.)
Not everyone was rich in America during the 1920s.
...
Old traditional industries.
| Who benefited? | Who didn't benefit? |
|---|---|
| Speculators on the stock market | People in rural areas |
| Early immigrants | Coal miners |
| Middle class women | Textile workers |
| Builders | New immigrants |
The Roaring Twenties was a decade of economic growth and widespread prosperity, driven by recovery from wartime devastation and deferred spending, a boom in construction, and the rapid growth of consumer goods such as automobiles and electricity in North America and Europe and a few other developed countries such as ...
Farmers Were Stuck With Surplus
For farmers in particular, the Great Depression basically began after World War I. During that war, U.S. farmers had increased food production to feed European allies. Afterward, prices and demand dropped, and farmers were stuck with an oversupply they couldn't sell.
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